KeyBanc analyst Kenneth Zener raised the firm’s price target on D.R. Horton to $97 from $84 and keeps an Overweight rating on the shares. The analyst cites rising stock levels amid volatile market trends, with his absolute targets reflecting implied market out-performance more than an intrinsic valuation, given ongoing macro pressure superseding near-term fundamentals. Amid deteriorating housing data, Zener reiterates a Bullish Builder thesis RIP, based on a favorable risk to return versus the market.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on DHI:
- D.R. Horton management to meet virtually with Seaport Global
- Housing stocks have rallied, but could start falling again, Barron’s says
- D.R. Horton price target raised to $84 from $77 at Raymond James
- Early notable gainers among liquid option names on November 9th
- D.R. Horton: Goal is for FY23 revenue to be ‘slightly higher’ than FY22